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Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in Rogers, Arkansas, and Midwest City, Oklahoma, in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest ...
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. [1] The Walmart chain proper was founded in 1962 with a single store in Rogers, Arkansas, expanding inside Oklahoma by 1968 and ...
In 1945, Sam and Helen Walton purchased their first Ben Franklin "variety store" in Newport, Arkansas. Within five years, Sam was able to make his Ben Franklin store the top franchise in the state.
When Sam Walton opened the first Walmart on July 2, 1962 in Rogers, Arkansas, he wanted to give customers unparalleled bargains on a wide variety of products. He succeeded, because by the time the ...
By 1984, Sam Walton had begun to source between 6% and 40% of his company's products from China. [39] In 1988, Walton stepped down as CEO and was replaced by David Glass. [40] Walton remained as chairman of the board. During this year, the first Wal-Mart Supercenter opened in Washington, Missouri. [41]
In 1962, Sam Walton held the ribbon-cutting ceremony for the first Walmart location in Rogers, Arkansas. Selling everything from groceries to homewares, the company was primed for quick growth ...
Rogers is a city in Benton County, Arkansas, United States. Located in the Ozarks, it is part of the Northwest Arkansas region, one of the fastest growing metro areas in the country. [8] Rogers was the location of the first Walmart store, whose corporate headquarters is located in neighboring Bentonville. Daisy Outdoor Products, known for its ...
Even the Walmart Museum, housed in some of the company’s original store locations, is getting a facelift, with a new interactive, life-sized hologram of founder Sam Walton, who died in 1992.